Growing Acceptance of Legal Cannabis and the Impact on Ingestibles

Jul 16, 2020 8:03:17 AM / by BDSA posted in Cannabis, Edibles, CBD, Canadian Cannabis Market, Market Trends, BDSA-Insights, Knowledge Center, Cannabis Consumer Research, Cannabis Consumer, Gummies, Cannabinoids, Demographic and Psychographic Cannabis Research, Cannabis Legalization, 2025

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Global legal cannabis spending is forecast to reach $47 billion in 2025, a number too big to ignore for many companies and industries. The U.S. will continue to be the largest global market, driven by more and more adult use markets opening.

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Top 5 Insights: Independence Day

Jul 2, 2020 2:13:03 PM / by BDSA posted in Cannabis, Data Deeper, Cannabis Market, Cannabis Consumption, Cannabis Data, BDSA-Insights, Cannabis Sales, 420, Cannabis Consumer Research, Cannabinoids, Business

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  1. Independence Day and cannabis go hand-in-hand: “daytime fun” and well as “celebrating special events” are top occasions for cannabis consumption.
  2. Cannabis sales spiked in the days surrounding the July 4th holiday in 2019, increasing 31% between July 1-3, and 21% between July 4-6.
  3. Although inhalable products – flower and concentrates – comprised the majority of sales in the days surrounding July 4th 2019, ingestible products experienced a boost in sales before and after the holiday, increasing 27% during July 1-6 - with candy experiencing the sharpest increase of 50% during the first week in July
  4. Independence Day offers day-to-night festivities as well as opportunities for consumption. Inhalables are the top product choice for daytime and evening consumption, perfect for transitioning from backyard BBQs to late night fireworks!
  5. July 4th celebrations involve pairings of friends, food and festivities: 30% of consumers typically pair alcohol and cannabis in group settings.

Interested in gaining more valuable insights from BDSA? Contact us today!

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BDSA Launches Illinois Retail Sales Tracking

May 1, 2020 7:38:42 AM / by BDSA posted in Illinois, Cannabis, Illinois Cannabis Market, News, Cannabis Consumption, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Demographics, Cannabis Consumer, Cannabinoids, Business

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BOULDER, Colo. — May 5, 2020 —BDSA (formerly BDS Analytics), the leader in comprehensive, accurate and actionable cannabis market intelligence and consumer research, announced today that Illinois retail cannabis sales exceeded $188 million in the first quarter of 2020, reflecting adult-use sales of $109.96 million and medical sales of $78.2 million. This year’s sales are projected to exceed $693 million, an increase of 176%, based on top-line sales projections modeled from point-of-sale transaction records.

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A Cannabis Holiday In Question: How Will The COVID-19 Crisis Impact Cannabis Business On 4/20?

Apr 17, 2020 5:13:31 PM / by BDSA posted in Cannabis, BDSA, CBD, Data Deeper, Canadian Cannabis Market, Cannabis Consumption, Cannabis Data, Brands, BDSA-Insights, Cannabis Sales, 420, Cannabis Consumer Research, Cannabis Consumer, Cannabis Events, Cannabinoids, Business

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The COVID-19 public health crisis reset societies around the globe in just a few short months. With more than 150,000 deaths as of this writing, per the Johns Hopkins coronavirus resource center, no aspect of our lives remains untouched. The Easter and Passover holidays were forced online and over 22 million Americans have lost their jobs in the last few weeks. Global economies are in shambles and economists are virtually guaranteeing a recession (i.e., two consecutive quarters of negative GDP growth).

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COVID-19 Impact on U.S. Cannabis Markets

Apr 1, 2020 1:00:32 PM / by BDSA posted in Market Forecasts, Data, Cannabis Market, Canadian Cannabis Market, Cannabis Data, Market Trends, BDSA-Insights, Cannabis Retail, Marijuana, U.S. Cannabis, Knowledge Center, Market, Consumer Insights, Cannabis Consumer Research, Cannabis Consumer, Cannabis Sales Forecast, COVID-19, Business

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Top Questions Coming Out of 2019 MJBizCon

Dec 20, 2019 12:16:53 PM / by BDSA posted in Industry Intelligence, Cannabis, BDSA Staff Highlights, Cannabis Data, BDSA-Insights, Events, Cannabis Consumer Research, Cannabis Consumer

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Like many exhibitors and presenters at MJBizCon, we came away from the event invigorated by the hundreds of conversations we had with current & prospective clients. The exhibition floor was bustling, and the questions posed to us throughout the 3-day event certainly reaffirms what we already know: the industry is GROWING – but the where, who & how is still very much TBD.

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Cannabis Retail Opportunities Abound

Oct 25, 2019 5:57:36 PM / by BDSA posted in Cannabis Specialty Stores, Cannabis, Cannabis Consumption, Cannabis Data, Market Trends, BDSA-Insights, Cannabis Sales, Cannabis Retail, Marijuana, Cannabis Retailers, Market, Cannabis Consumer Research, Cannabis Consumer, Legal Cannabis

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Cannabis is perhaps the most exciting retail opportunity to hit U.S. markets in decades. The lucrative combination of rapid sales growth, an ever-expanding customer base and government-enforced protection against mass-retail has resulted in a unique market that is unlikely to be replicated anytime soon.

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BDS Analytics' Top 5: Exercise and Cannabis

Oct 10, 2019 10:38:38 AM / by BDSA posted in Cannabis, Cannabis Consumption, Market Trends, Cannabis Supplements, BDSA-Insights, Exercise and Cannabis, Consumer Insights, Cannabis Consumer

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To some, cannabis and exercise may seem like an unlikely pairing. But those in the know understand that cannabis in its various forms can serve as a great pre, during, or post-workout supplement. These Top 5 insights from BDS Analytics counter the “lazy stoner” stereotype and show that cannabis often is a welcome addition to Consumers’ workout routines.

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CBD: Cannabidiol Breaks Out of the Legal Dispensary Channel

Sep 12, 2019 11:26:54 AM / by BDSA posted in Industry Intelligence, Edibles, Dispensary, CBD, Market Trends, Concentrates, U.S. Data, BDSA-Insights, Consumer Insights, Cannabis Consumer Research, Cannabidiol, Cannabinoids

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The latest Cannabis Intelligence Briefing from Arcview Market Research and BDS Analytics: CBD: Cannabidiol Escapes the Dispensary details CBD’s move from legal cannabis dispensaries to the general retail market. At present, the bulk (65%) of the $1.9 billion in annual spending on CBD products in the U.S. takes place through licensed dispensaries in legal cannabis states.

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Top 5 Data Insights: Labor Day Weekend Sales

Sep 5, 2019 1:41:39 PM / by BDSA posted in Cannabis, Canadian Cannabis Market, Cannabis Data, Holidays, Concentrates, BDSA-Insights, Cannabis Sales, Consumer Insights, Cannabis Consumer Research, Holiday Sales, Cannabinoids

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We’re in no rush to say goodbye to summer, but, as we head into Labor Day weekend, let’s review how the cannabis industry has fared during Labor Day weekends past and other key summer holiday periods:

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